Short-run supply and long-run equilibrium Consider the competitive market for steel. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. 00 T 90 80 70 60 50 20, 30 40 ATC 30 20 10 5 10 15 20 25 30 35 40 45 50 QUANTITY Thousands of tons)
Answers
Long-term economic profit is zero as a result of implicit costs, but the company's accounting profit is positive. The claim is therefore untrue.
The short-run equilibrium price of titanium would be $15 per pound if there were 20 businesses in this market. Businesses in this industry would lose money at that price. As a result, companies originating from the titanium market would persist over time.
You know that in the long run, competitive firms make no economic profit, so the long-run equilibrium price must be $30 per pound. You can see from the graph that in order for the titanium industry to be in long-term equilibrium, there will be ten companies operating there.
Due to implicit costs, long-term economic profit is zero, but the company's accounting profit is positive. As a result, the assertion is untrue.
To know more about Equilibrium, refer to this link:
https://brainly.com/question/28527601
#SPJ4
Related Questions
a market economy has several benefits, but it also has some drawbacks. what is one negative effect a market economy can produce?
a. it creates extreme divisions between the wealthy and the poor.
b. it lets many workers choose where they want to be employed.
c. goods and services are only produced for uses planned by the government.
d. the lack of competition means that consumers have fewer choices.
Answers
a market economy has several benefits, but it also has some drawbacks. what is one negative effect a market economy can produce
A. It creates extreme divisions between the wealthy and the poor
What are the many economic types?
A framework for the manufacture and exchange of goods is an economy. Without a strong economy, a state will fall apart. Command, mixed, and free market are the three main types of economies. By economics, what do you mean?
An economy is a group of linked production and consumption activities that ultimately determine how resources are allocated within a society. The production and consumption of goods and services as a whole satisfies the needs of those who live there and conduct business there.
Learn more about economy here:
https://brainly.com/question/17391901
#SPJ4
Answer:
The correct is A
Explanation:
I got it right
in a limited partnership, who assumes unlimited personal liability for the debts of the partnership?
Answers
in a limited partnership, who assumes unlimited personal liability for the debts of the partnership
general partnership
What does the term "general partnership" mean?
In a general partnership, each partner is responsible for the business decisions made by the partnership. Active partners, also known as general partners, in a general partnership are fully liable for all company debts.What defines a general partnership as its primary attributes?
A general partnership is made up of two or more people who agree to carry on business for a profit and are referred to as general partners. General partners must put the interests of the partnership above their own due to their fiduciary obligation of loyalty and trust to the other partners.
learn more about general partnership here:
https://brainly.com/question/12983082
#SPJ4
business transactions that involve entities from two or more countries are defined as: transcontinental business. expansive business. multilateral business. international business. widespread business.
Answers
Business transactions that involve entities from two or more countries are defined as international business.
What kinds of business transactions are there?The definition of an image outcome for commercial dealings involving parties from two or more nations .There are three different forms of business transactions based on the exchange of money: cash transactions, non-cash transactions, and credit transactions.Any form of agreement involving participants from at least two different nations is considered an international commercial transaction. International commercial agreements involve people, small and huge multinational businesses, and even whole nations. These transactions include sales, leases, licensing, and investments.The transfer of commodities, services, technology, capital, and/or information across national borders and on a global or transnational scale is referred to as international business. Cross-border exchanges of products and services between two or more nations are involved.
To learn more about business transactions refer to:
https://brainly.com/question/17201601
#SPJ4
Which phases of the software development life cycle SDLC can be automated?
Answers
The testing environment is the automation phase that is most frequently advised. Organizations use the SDLC, a structured framework, to produce software.
Teams can test applications of the software to ensure that they perform as intended by reporting, tracking, and resolving defects until they meet the required criteria. Therefore, it is time-consuming to manually analyze each component of the programme to identify the bug's location.. SDLC Phases such as requirement collecting, analysis, design, development, testing, integration, deployment, and maintenance are all included. The fact that the testing tools include a reusability feature is one of its advantages. It reduces time by allowing for instant adoption at different application regions. Additionally, accuracy and efficiency are increased due to the reduction in manual human input. As a result, automating testing improves developer efficiency while also producing effective feedback and new features.
learn more about SDLC here:
https://brainly.com/question/9977671
#SPJ4
Several phases of the Software Development Life Cycle (SDLC) can be automated to streamline and enhance the development process. Here are some phases that are commonly automated:
Requirements Gathering and Analysis: Automation tools can assist in capturing, documenting, and analyzing requirements. These tools can facilitate collaboration, traceability, and requirement management.
Design and Modeling: Automated tools can be utilized to create visual models, such as UML diagrams, to represent the system's structure, behavior, and relationships. These tools often offer features for automated code generation from models.
Coding and Implementation: Integrated Development Environments (IDEs) provide automated features like code completion, syntax highlighting, refactoring, and debugging, which help developers write and test code more efficiently.
Testing: Test automation tools allow for the creation and execution of automated tests, including unit tests, integration tests, and regression tests. These tools help identify defects, improve test coverage, and support continuous testing.
Deployment and Release: Continuous Integration/Continuous Deployment (CI/CD) pipelines automate the build, testing, and deployment processes. This automation ensures consistent and reliable releases of software.
Know more about Software Development Life Cycle here:
https://brainly.com/question/30089248
#SPJ11
Debts listed as current liabilities are those that
O will be paid in less than one year
O are due to be paid in 5 to 10 years
O are due to be paid in more than one year
O are owed to the owner and will never be paid
Answers
Debts listed as current liabilities are those that will be paid in less than one year. Hence, option (a) will be regarded as the correct option.
Give a brief account on debts.An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt. Debt involves a deferred payment or series of payments as opposed to an immediate purchase. The debt may be due by a sovereign state or nation, a local government, a business, or a person. The quantity and timing of principal and interest repayments on commercial debt are often governed by contractual agreements. There are many different types of debt, such as loans, bonds, notes, and mortgages. In financial accounting, debt is a different type of financial transaction than equity.
In a metaphorical sense, the expression can also be used to describe moral obligations and other interactions without a monetary value.
To know more about, debts, visit :
https://brainly.com/question/19052808
#SPJ1
Adjustments to net income in calculating operating cash flows include?
Answers
Adjustments to net income in calculating operating cash flows include changes in non-cash working capital. This includes changes in accounts receivable, inventories, accounts payable, and accrued expenses.
These are all components of the balance sheet and are not included in the income statement. Other adjustments to net income may include depreciation and amortization, as well as any gains or losses on the sale of assets. These non-cash expenses are added back to net income to arrive at the operating cash flow.
Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization.
To know more about adjustments here
https://brainly.com/question/29220850
#SPJ4
in 2022 you contribute $12,000 into a 401k plan. your employer matches 25% of your contribution. you expect the fund to yield 10.5%. you are currently in the 35% bracket, what is your one year return (percentage)?
Answers
Answer:
Your one year return (percentage) would be approximately 18.50%.
What is 401k plan?
A 401(k) plan is a type of employer-sponsored retirement plan in the United States in which employees can save and invest for their own retirement. It is an employer-sponsored retirement plan that allows a worker to save for retirement by deferring taxes on the money saved until it is withdrawn. Employers may match their employee's contributions to the plan, providing additional financial incentives for the employee to save. The 401(k) plan is named after a section of the Internal Revenue Code.
Solution:
This is calculated as follows: Your contribution of $12,000 x 25% employer match = $3,000.
Total contribution = $15,000.
10.5% return on $15,000 = $1,575. 35%
tax bracket = $548.75.
Net return = $1,026.25.
Percentage return = ($1,026.25/$15,000) x 100 = 6.84%.
Total return = 6.84% + (6.84% x 35%) = 18.50%.
To learn more about 401k plan refer to:
https://brainly.com/question/20475582
#SPJ4
Which defines insurance?(1 point)
Responses
a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
an agreement between two individuals to protect each other against negative events
an agreement between two individuals to protect each other against negative events
a program that manages risk by avoiding it
a program that manages risk by avoiding it
a risk control strategy that encourages taking action to reduce the likelihood of a loss occurring
Answers
Answer:
Explanation:
The correct insurance definition is a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event.
Insurance is defined as a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event. Thus the correct option is A.
What is insurance?A contract involving financial protection provides one party with protection from losses resulting from particular tragedies or potential dangers. Risk is managed in this way, individually.
A person who purchases insurance is responsible for receiving compensation for any losses or damages sustained, according to the type of insurance purchased and the premiums paid.
If something bad has happened to you, the insurance provider reimburses you or a beneficiary of your choice under the conditions of a policy you have acquired from the firm that offers financial protection against financial loss or injury caused by a potential event.
Therefore, option A is appropriate.
Learn more about insurance, here:
https://brainly.com/question/16267577
#SPJ2
What are the 3 basic requirements of financial analysis?
Answers
The income statement, balance sheet, and cash flow statement that make up a financial analysis.
What are the three financial analyses?The income statement, balance sheet, and statement of cash flows are financial statements that must be submitted. Traders can use these three statements as learning resources to evaluate a company's financial standing and swiftly ascertain its underlying value.
What core concepts underpin financial analysis?Assessing the effectiveness and suitability of businesses, projects, budgets, and other financial-related transactions is done through financial analysis. Financial analysis is typically used as a technique for determining if a company is trustworthy, solvent, liquid, or profitable enough to merit a financial investment.
To know more about financial visit:-
https://brainly.com/question/29641948
#SPJ4
What information do you need to find marginal cost ?
Answers
The difference in total production costs caused by creating or producing one extra unit is known as the marginal cost in economics. Divide the variation in production costs by the variation in quantity to determine marginal cost.
How Does Marginal Cost Work?The difference in total production costs caused by creating or producing one extra unit is known as the marginal cost in economics. Divide the variation in production costs by the variation in quantity to determine marginal cost. Finding the point at which an organization can realise economies of scale to improve production and overall operations is the goal of marginal cost analysis. The producer may make money if the marginal cost of producing one extra unit is less than the price per unit.In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organization. By producing at the point where marginal cost (MC) equals marginal revenue, a business can optimize its earnings (MR).
To know more about marginal cost visit:
brainly.com/question/7781429
#SPJ4
What do local banks do?
Answers
For free checking accounts—the account you usually need the most—local banks are sometimes a solid pick. Some companies provide normal free checking to everyone, while others will eliminate costs in exchange.
The majority of banking needs may be met quite well by neighbourhood banks and credit unions. Even if they are little, they may nonetheless fulfil your demands. Some organisations only provide a small selection, while others contract out services, and yet others offer all you want in-house. Local banks may facilitate transactions since they are involved in regional issues. That is especially valid if you require a loan. For instance, whereas local banks are accustomed to assessing loans in your region, megabanks could be reluctant to support your local business, investment property, or farm loan. Local banks often offer more individualised service than large banks, for better or bad. Working with the same individual repeatedly is common.
Learn more about Local banks here:
https://brainly.com/question/16033676
#SPJ4
The A machine have an hourly operating cot of $10 each, B machine have an hourly operating cot of $11 each, and C machine have an hourly operating cot of $12 each. Which alternative would be elected, and how many machine, in order to minimize total cot while atifying capacity proceing requirement?
Answers
In order to minimize total cost while satisfying capacity processing requirement, the alternative that should be elected is a combination of A and B machines.
What is total cost?Total cost is the sum of all the costs associated with a purchase, project, or undertaking. This includes the cost of the materials, labor, overhead, taxes, and any other related expenses. Calculating total cost can help businesses make informed decisions about their spending and ensure that they are making investments that are cost-effective and beneficial to their bottom line. Total cost also helps individuals make decisions about their own spending, such as when deciding whether to make a purchase or if they can afford a certain item. For example, if a person is considering buying a car, they would need to calculate the total cost of the car, including taxes, registration fees, insurance, financing, and maintenance. Knowing the total cost can help them decide if the purchase is within their budget.
The total cost of using A and B machines would be $21 ($10 for A and $11 for B). The cost of using C machines would be $12, but since C machines have a higher operating cost than the other two machines, the cost of using C machines would be higher than using A and B machines to satisfy the capacity processing requirement. Therefore, using a combination of A and B machines would be the best choice in order to minimize total cot while satisfying capacity processing requirement.
To learn more about total cost
https://brainly.com/question/26171624
#SPJ4
when planning a budget for a nursing unit, some variables cannot be controlled but yet still must be accounted for in order to prepare a fiscally responsible budget. which variables cannot be controlled by nurse managers? select all that apply. the number of beds on a unit. patient acuity. staff benefits. unit revenue. inventory of supplies. group of answer choices 1, 3, 4, and 5. 2, 3, 4, and 5. 1, 4, and 5. 2, 3, and 4.
Answers
As reflected in the unit's budget, nurse managers are frequently evaluated based on how well they manage nursing overtime costs and supply usage.
What are the four primary approaches to budgeting?Companies typically use one of four types of budgets:1) incremental, 2) based on activities, 3) based on a value proposition, and 4) based on zero. Each of these four approaches to budgeting has its own set of benefits and drawbacks, which this guide will go over in greater depth.The national government's budgeting process consists of four distinct phases: preparation, authorization, implementation, and accountability of the budget Even though they are distinct processes, their implementation during a budget year overlaps.Check identification bracelet and ask the patient name and date of birth prior to medication administration.Have patient identify surgical site prior to going to the perioperative suite.Ensure that urinary catheters are properly secured to promote unobstructed urine drainage.When handing off report to other staff, use SBAR format.To learn more about budgeting here:
brainly.com/question/24940564
#SPJ4
A group of nursing students working on a project are reviewing all submitted work from individual members and critiquing the work as it applies to the learning objectives for the assignment.
What do you meant by nursing management?Nursing management is a branch of the nursing field which focuses on managing nurses and patient care standards. An effective nursing management program is critical for most facilities which use nurses, such as hospitals, clinics, and residential care facilities. People in this field often have both nursing and management experience, and they have typically received special training to prepare them for employment as managers and supervisors.When a manager looks after the nursing staff at an entire hospital, issues like consistency, standardized procedures, transfer protocols, and cooperation are often an important part of the job.To learn more about nursing management refer to:
https://brainly.com/question/15445272
#SPJ4
what would we expect to happen to the price and quantity of apple iphones if the price of samsung smartphones increases and apple develops a new technology that makes its iphone production process more efficient
Answers
The equilibrium price will be indeterminate and the equilibrium quantity will go up.
What will happen to the equilibrium price and quantity of iPhones?The supply curve for iPhones will move to the right as supply rises. This will result in an increase in equilibrium price and a drop in equilibrium iPhone production. Then, extra apps are sold. The demand for apps rises as smartphone prices fall. Every time the cost of smartphones decreases, more apps are needed, and the app demand curve shifts to the right.The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity sought by consumers and the quantity supplied by producers, respectively, are equal. The equilibrium quantity is the name given to this common quantity.To learn more about equilibrium quantity refer,
https://brainly.com/question/22569960
#SPJ4
what are the two primary philosophies discussed under operations management that are used to help manage operations in the supply chain. provide the main objectives for each of the two philosophies.
Answers
The following are the two main management philosophies for supply chain operations:
Just in time philosophy Lean PhilosophyWhat is Operation management?Planning, and redesigning any production for goods or services as well as operations are the main objectives of the management discipline known as operations management. In its most basic form, operations management is the administration of company activities with the aim of attaining goals, boosting productivity, and optimizing profitability.
In its most basic form, operations management is the administration of company activities with the aim of attaining goals, boosting productivity, and optimizing profitability. The management of business procedures to achieve the best degree of productivity within an organization is known as operations management (OM).
To know more about Operation management, visit:
https://brainly.com/question/15649182
#SPJ4
What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more
Answers
Answer:
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
Explanation:
the digby's balance sheet has $102,089,000 in equity. further, the company is expecting $3,000,000 in net income next year. assuming no dividends are paid and no stock is issued, what would their book value be next year?
Answers
The book value of Digby's next year would be $105,089,000.
Solution:
Book Value = Equity + Net Income
Book Value = $102,089,000 + $3,000,000
Book Value = $105,089,000
What is a Balance Sheet?
A balance sheet is a financial statement that shows the assets, liabilities, and shareholders' equity of a company at a given point in time. It provides an overview of the company's financial situation. One of the three fundamental financial statements is the balance sheet. The income statement and cash flow statement are the other two.
What is a Book value?
Book value is an accounting term that refers to the value of an asset after all liabilities have been taken into account. It is calculated by subtracting the total liabilities of a company from its total assets. Book value is also known as net book value or net asset value.
To know more about Book value,
https://brainly.com/question/17592847
#SPJ1
What to do if you fail an assessment?
Answers
Avoid panic. A failing grade can be shocking whether you've always done well in school or even if you haven't.
How do you pass assessment test?Plan beforehand. Prior to the exam, make sure you obtain a full night's sleep and are aware of your obligations.understand what an evaluation comprises. Make sure you are aware of the assessment's components and what you will be expected to perform for each one.simulated IQ exams.Permitting yourself to feel is important.Develop self-compassion.Consider what happened and develop a growth mindset.Review your objectives and make a future plan.Avoid panic. A failing grade can be shocking whether you've always done well in school or even if you haven't.Plan ahead. Attend office hours.To learn more about assessment' refer,
https://brainly.com/question/24690729
#SPJ4
Why GATT is replaced by WTO?
Answers
After World War II, 23 nations signed the General Agreement on Tariffs and Trade (GATT), which entered law on January 1, 1948. The GATT was established to facilitate international trade. The GATT was included in the World Trade Organization (WTO) in 1995, extending it.
What is GATT?The General Agreement on Tariffs and Commerce is a legal agreement between several nations that attempts to promote international commerce by decreasing or eliminating trade barriers such as tariffs and quotas. Its stated purpose was to "substantially lower tariffs and other trade barriers, as well as abolish preferences, on a reciprocal and mutually beneficial basis." The GATT was established as a result of the failure of negotiating states to form the International Trade Organization during the United Nations Conference on Trade and Employment.
To learn more about GATT, click
https://brainly.com/question/14618803
#SPJ1
jamaica, who recently moved to a new city, evaluates several insurance options from her new employer. owing to her recent medical issues, she wants to choose her health care providers, even if seeing them costs more than seeing the providers in a specific insurance network. which health care plan is jamaica most likely to find suitable for her needs?
Answers
In a case whereby jamaica, who recently moved to a new city, evaluates several insurance options from her new employer. owing to her recent medical issues, the health care plan that jamaica is most likely to find suitable for her needs is preferred provider organization.
What is health care plan?Any agreement in which a person commits to providing, arranging for, paying for, or reimbursing a portion of the cost of any healthcare services is referred to as a health care plan.
As opposed to only being compensated for the cost of the services, the agreement must include arranging for or providing health care services, including emergency care and services provided by non-participating reference providers, on a pre-paid basis. A major part, for the purposes of this section, shall mean at least 90% of the entire cost of health care services.
Learn more about insurance at:
https://brainly.com/question/25855858
#SPJ1
What do you text when a customer is running late for delivery?
Answers
Be sure to first apologize sincerely and offer an explanation for the delay. Offer an incentive or discount for upcoming purchases next. Finally, ask customers for their opinions so you may improve your delivery process going forward.
How do you respond to a customer who is upset because their lunch delivery was delayed?A sincere apology in advance can help to diffuse tense customers. Sending them a sincere apology by email or SMS shows them that you are aware of the issue and are empathetic to any inconvenience it may have caused, even if the unexpected delay was not your company's responsibility.
A customer should be notified of a delivery delay in what way?We sincerely apologize for any trouble our delayed delivery of the products you ordered from us has caused. Production department mistakes are to blame for this annoyance. The additional large number of unexpected orders we've received this month has also added to the delay.
Learn more about delayed delivery: https://brainly.com/question/29555753
#SPJ4
How do you create an effective backlog refinement?
Answers
The purpose of the Product Backlog Refinement is to discuss the problems with the Scrum Team in order to come up with a shared solution.
What is Backlog Refinement?Product backlog refinement is the process of adding details, estimates, and order to the items in the product backlog.
In an ongoing process, the Product Owner and the Development Team collaborate on the specifics of Product Backlog items.
Refinement of the product backlog entails item evaluation and revision.
As grooming has come to be associated with more unfavorable connotations, backlog management and backlog refinement are becoming more common terms to describe this process. Among the others is "Story Time."
When the word "grooming" was first used, it referred to a natural way of keeping up with the backlog. Trimming, pruning, and cleaning were pictured as being done to a plant.
Learn more about Backlog Refinement, here
https://brainly.com/question/30093699
#SPJ4
What are resources in MS Project?
a.People
b.Supplies
c.Facilities
d.All the above
What does the "Max Units" denote on the Resource Sheet?
a.The availability of the resource for project work
b.The maximum amount of resource usage for the day
c.The maximum amount of resource usage for the project
d.The availability of time per resource, per day
What is one purpose of the Resource Calendar?
a.Enter resources for the project
b.Set up non-working times for the entire project
c.View the overall project schedule
d.Assign non-working time to a resource
How are resources assigned to a task?
a.They are chosen from the Task Form dropdown
b.They are chosen in the Resources tab
c.They are chosen from the Data group
d.They are assigned in the Project Resources tab
How are resource assignments visually shown in the Gantt Chart?
a.Resource icons appear next to resource names
b.Red "stick man" icons appear in the Indicators column
c.Resource names appear next to the duration graph
Answers
What are resources in MS Project?
a) People
What does the "Max Units" denote on the Resource Sheet?
c)The maximum amount of resource usage for the project
What is one purpose of the Resource Calendar?
a) View the overall project schedule
How are resources assigned to a task?
d) They are assigned in the Project Resources tab
How are resource assignments visually shown in the Gantt Chart?
a) Resource icons appear next to resource names
Read more about MS Project here:
https://brainly.com/question/26550199
#SPJ4
Is an oligopoly good for consumers?
Answers
An oligopoly's market power prevents new businesses from entering, restricting competition, and generally harming customers by driving up costs.
Exactly what is oligopoly?An oligopoly develops when a small number of significant producers or sellers control a sizable portion of the market or an entire industry. Oligopolies are frequently created as a result of the goal to maximize profits and can result in corporate cooperation. The results include less competition, higher consumer prices, and lower employee compensation.
A few of the industries that have been identified as being oligopolistic include civil aviation, energy suppliers, telecommunications firms, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing.
To know more about Producers, visit:
https://brainly.com/question/30064002
#SPJ4
Is inelastic demand positive or negative?
Answers
The critical cutoff point is typically taken to be minus one, with values less than one being inelastic and those larger than one being elastic.
When demand is inelastic, how does it act?Economics terms like "inelastic" are used to describe situations in which a good or service's quantity is fixed but its price changes. This is what is meant by inelastic demand: as prices rise, customers' purchasing patterns essentially remain the same, and when prices fall, those patterns also remain the same.
Why is demand that is inelastic desirable?Price inelasticity should be taken into account by business owners when creating their pricing strategy because it provides a number of benefits. Price inelasticity allows firms additional pricing flexibility since whether prices increase or drop, the change in demand is essentially the same.
Rigid demand: is it good or bad?Elastic products are usually required when appropriate substitutes are not accessible. The three things with the most widespread inelastic demand are utilities, prescription drugs, and tobacco products. Despite price changes, there will always be a market for certain things, therefore companies that sell them can be more flexible with pricing.
Learn more about inelastic demand: https://brainly.com/question/3407235
#SPJ4
which one of the following is not an example of the prevention costs of quality? group of answer choices costs associated with improving process design. procuring higher quality materials from suppliers to reduce defects. costs associated with honoring product returns and warranty claims. training all new employees in standard operating procedures.
Answers
End-process sampling is not an example of the prevention costs of quality.
Prevention costs are incurred to prevent product defects from occurring, and are part of the cost of quality. Prevention costs includes employee training with supplier certification. Generally, the greatest improvement in product quality is related to defect prevention. Although such prevention results in additional costs, such costs are usually more than offset by the savings associated with reduced damage.
Historically, it was believed that the total cost of quality (prevention, evaluation, internal failure, and external failure) would be minimized at some non-zero cost. However, this belief has been replaced by one that advocates a harmless policy. This new belief is based on the fact that small increases in prevention rates often result in significant decreases in failure rates.
For more such questions on prevention costs of quality:
https://brainly.com/question/28332501
#SPJ4
rappaport industries has 5,650 perpetual bonds outstanding with a face value of $2,000 each. the bonds have a coupon rate of 6.4 percent and a yield to maturity of 6.7 percent. the tax rate is 21 percent. what is the present value of the interest tax shield? multiple choice $253,120 $264,985 $2,373,000 $723,200 $3,559,500
Answers
Interest tax shield = .21 × 5,650 × $2,000= $2373000
=$2,373,000 is the present value of interest tax shield.
What is the interest rate tax shield worth?The total of the taxable interest expenditure multiplied by the tax rate yields the value of a tax shield. This advantage only applies to one year's worth of interest and tax, and it is computed by multiplying the interest expense by the tax rate. Therefore, the formula for calculating the present value of the interest tax shield is (tax rate * debt burden * interest rate) / interest rate. Positive profit before tax that covers the cost of interest paid is a prerequisite for the tax shield's value to be greater than zero. The WACC valuation approach, the adjusted present value (APV) valuation method, and the flow to equity valuation method are the three techniques used to factor the value of the tax shield into the capital budgeting decision.
To know more about interest rate tax shield visit:
brainly.com/question/24172053
#SPJ4
Which of the following are characteristics of good risk management applied to a project (select all that apply)
a. estimate the likelihood of a task being delayed
b.Add a contingency to each task duration on the project in case chance events happen so that you remain on schedule
c. Use probabilistic time estimates
d. plan to eliminate all chance events
e. Identify the consequences of tasks being delayed to chance events
f. Inform team members that it is unacceptable to be delayed and hold them responsible
g. formulate contingency plans for chance events that might affect activities (tasks) on the critical path or with very little slack
h. identify chance events that might affect task completion
Answers
Effective risk management is acting proactively rather than reactively in an effort to influence future events as much as feasible. Therefore, the correct statements are: option c, e, and g.
With appropriate risk management, both the possibility of a risk happening and its potential impact can be reduced. A risk management plan contains a detailed description of the complete procedure, including risk identification, assessment, and mitigation. Cost-benefit analysis, financial repercussions, and risk control monitoring are also included.
On the other hand, a risk assessment is a specific phase in the risk management process. Staff members can reduce the likelihood and severity of potential project risks by early risk identification. There will be a strategy in place in the event that something goes wrong. This is something staff members may do to be ready for anything and enhance project outcomes.
To learn more about risk management: https://brainly.com/question/13760012
#SPJ4
A firm's producer surplus equals its economic profit when: __________
A. fixed costs are zero.
B. marginal costs equal marginal revenue.
C. average fixed costs are minimized.
D. total revenues equal total variable costs.
E. average variable costs are minimized.
Answers
A firm's producer surplus equals its economic profit when marginal costs equal marginal revenue. Hence, B. Marginal Costs Equal Marginal Revenue. is the correct answer.
Producer surplus is the difference between the market price of a good or service and the minimum price the firm is willing to accept for it. When marginal costs equal marginal revenue, the firm is able to maximize its profits, and producer surplus is equal to economic profit.
Marginal cost is the expense incurred for selling that one unit, whereas marginal revenue is the income obtained by selling one more unit. Each measures the incremental change in dollars between various sales levels to ascertain the level at which a business is manufacturing and selling things most efficiently.
To know more about marginal costs here
https://brainly.com/question/17030246
#SPJ4
Fiscal policy is conducted by the Federal Reserve Bank the federal government the U.S. Mint the U.S. Treasury and involves quantitative easing. government spending and taxes. printing money. open market operations.
Answers
Fiscal policy is conducted by the The federal government.
The federal government's tax and spending policies are referred to as fiscal policy. The Fed has little influence over fiscal policy decisions; instead, the Congress and the Administration make them. Decisions on fiscal policy are made by the Congress and the Administration; the Federal Reserve has no influence over this process. phrase used to describe central banks' operations to implement macroeconomic policy goals like price stability, full employment, and steady economic growth.Fiscal policy is governed by the federal government. Automatic increases and decreases in government expenditure and taxation that follow the economic cycle. payments made under the progressive income tax system and unemployment insurance.
To know more about fiscal policy here
https://brainly.com/question/15166684
#SPJ4